Intuit Inc. shares tumbled 10.3% in extended trading on Tuesday after the company posted mixed results for its fiscal fourth quarter and full year 2026, while providing a cautious outlook for the fiscal year ahead.
The company’s stock closed the regular session down 3.4% at $357.46, extending losses to 10.3% in after-hours trading to $320.75. The declines followed guidance that disappointed investors, compounded by ongoing challenges in its DIY tax segment, stagnant Mailchimp growth, and declining legacy desktop revenues.
For the fiscal fourth quarter, Intuit reported adjusted earnings per share of $4.03, exceeding the consensus estimate of approximately $3.58 by 12.6%. Revenue rose 13.7% year-over-year to $4.354 billion, surpassing the consensus forecast of $4.268 billion. Despite the strong headline figures, the company’s fiscal 2027 guidance drew investor scrutiny.
Fiscal 2027 revenue is expected to grow at a slower pace than previously anticipated, with analysts noting that forward estimates had already been trimmed in the lead-up to the earnings release. The company’s core franchises—TurboTax, QuickBooks, Credit Karma, and Mailchimp—faced varying degrees of pressure, with Mailchimp’s growth described as stagnant and legacy desktop revenues continuing to decline.
Options market activity reflected the bearish sentiment, with put contracts outpacing calls. The most significant flow was concentrated in a put spread positioned for further downside. Meanwhile, broader U.S. equity indices showed resilience during the regular session, with the S&P 500 up 0.3%, the Dow Jones Industrial Average gaining 0.3%, and the Nasdaq Composite advancing 0.7%.
Intuit’s shares have declined sharply from their 52-week high of $705.08, though the stock remains above its 52-week low of $252.84.
